What is the monthly payment on a $250,000 mortgage?

At the current 30-year fixed average of 6.76 percent, a $250,000 mortgage costs about $1,623 a month in principal and interest. Over a 15-year term at 6.09 percent the payment rises to roughly $2,122. Property taxes, homeowner insurance and any PMI or HOA dues are added on top of these figures.

How much interest will I pay on a $250,000 mortgage?

A 30-year $250,000 mortgage at 6.76 percent costs about $334,337 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.09 percent cuts that to roughly $131,927, a saving of about $202,410, in exchange for a higher monthly payment.

What income do I need for a $250,000 mortgage?

Lenders commonly want your total housing payment to stay under 28 percent of gross monthly income. On that rule the $1,623 payment for a $250,000 mortgage implies an income of roughly $69,564 a year before tax — and more once you add property taxes and insurance, which the 28 percent test also counts.

What house price does a $250,000 mortgage buy?

It depends on your down payment. Borrowing $250,000 with 20 percent down corresponds to a purchase price of about $312,500, while 10 percent down puts the price near $277,778. A down payment below 20 percent on a conventional loan also adds PMI until you reach 20 percent equity.

How much does the interest rate change a $250,000 payment?

A great deal. On a 30-year term each quarter-point of rate moves the payment on a $250,000 mortgage by roughly $42 a month. The table on this page prices the loan from 5.00 percent to 8.00 percent so you can see the full range before you lock a rate.

$250,000 Mortgage Payment — Monthly Cost

$1,623

Monthly payment

$584,337

Total of 360 payments

Sep, 2056

Loan payoff date

Loan balance over time

Balance Principal paid $250,000 Interest paid $334,337

20262056

$250,000 mortgage payment by rate and term

Monthly principal and interest. The highlighted row is this week’s Freddie Mac average for a 30-year fixed loan.

Interest rate	30-year	15-year
5.00%	$1,342	$1,977
5.25%	$1,381	$2,010
5.50%	$1,419	$2,043
5.75%	$1,459	$2,076
6.00%	$1,499	$2,110
6.25%	$1,539	$2,144
6.50%	$1,580	$2,178
6.75%	$1,621	$2,212
7.00%	$1,663	$2,247
7.25%	$1,705	$2,282
7.50%	$1,748	$2,318
7.75%	$1,791	$2,353
8.00%	$1,834	$2,389

What a $250,000 mortgage really costs

Total interest, 30 years at 6.76%: $334,337
Total interest, 15 years at 6.09%: $131,927
Income implied by the 28% rule: $69,564
Purchase price with 20% down: $312,500

Switching from a 30-year to a 15-year term on $250,000 saves about $202,410 in interest, at the cost of a higher monthly payment ($2,122 instead of $1,623). With 10% down this loan corresponds to a home priced near $277,778, and a conventional loan under 20% down adds PMI until you reach 20% equity.

These figures are principal and interest only. Property taxes, homeowner insurance, PMI and any HOA dues sit on top and vary by location — add yours in the full mortgage calculator, or check current rates in your state.

Amortization schedule

Date	Principal	Interest	Balance
Oct, 2026	$215	$1,408	$249,785
Nov, 2026	$216	$1,407	$249,569
Dec, 2026	$217	$1,406	$249,352
2026	$648	$4,221	$249,352
Jan, 2027	$218	$1,405	$249,133
Feb, 2027	$220	$1,403	$248,914
Mar, 2027	$221	$1,402	$248,693
Apr, 2027	$222	$1,401	$248,471
May, 2027	$223	$1,400	$248,247
Jun, 2027	$225	$1,398	$248,022
Jul, 2027	$226	$1,397	$247,796
Aug, 2027	$227	$1,396	$247,569
Sep, 2027	$229	$1,395	$247,341
Oct, 2027	$230	$1,393	$247,111
Nov, 2027	$231	$1,392	$246,880
Dec, 2027	$232	$1,391	$246,647
2027	$2,704	$16,773	$246,647
Jan, 2028	$234	$1,389	$246,414
Feb, 2028	$235	$1,388	$246,179
Mar, 2028	$236	$1,387	$245,942
Apr, 2028	$238	$1,385	$245,705
May, 2028	$239	$1,384	$245,466
Jun, 2028	$240	$1,383	$245,225
Jul, 2028	$242	$1,381	$244,984
Aug, 2028	$243	$1,380	$244,740
Sep, 2028	$244	$1,379	$244,496
Oct, 2028	$246	$1,377	$244,250
Nov, 2028	$247	$1,376	$244,003
Dec, 2028	$249	$1,375	$243,754
2028	$2,893	$16,585	$243,754
Jan, 2029	$250	$1,373	$243,504
Feb, 2029	$251	$1,372	$243,253
Mar, 2029	$253	$1,370	$243,000
Apr, 2029	$254	$1,369	$242,746
May, 2029	$256	$1,367	$242,490
Jun, 2029	$257	$1,366	$242,233
Jul, 2029	$259	$1,365	$241,974
Aug, 2029	$260	$1,363	$241,714
Sep, 2029	$261	$1,362	$241,453
Oct, 2029	$263	$1,360	$241,190
Nov, 2029	$264	$1,359	$240,925
Dec, 2029	$266	$1,357	$240,660
2029	$3,095	$16,383	$240,660
Jan, 2030	$267	$1,356	$240,392
Feb, 2030	$269	$1,354	$240,123
Mar, 2030	$270	$1,353	$239,853
Apr, 2030	$272	$1,351	$239,581
May, 2030	$274	$1,350	$239,307
Jun, 2030	$275	$1,348	$239,032
Jul, 2030	$277	$1,347	$238,755
Aug, 2030	$278	$1,345	$238,477
Sep, 2030	$280	$1,343	$238,198
Oct, 2030	$281	$1,342	$237,916
Nov, 2030	$283	$1,340	$237,633
Dec, 2030	$284	$1,339	$237,349
2030	$3,311	$16,167	$237,349
Jan, 2031	$286	$1,337	$237,063
Feb, 2031	$288	$1,335	$236,775
Mar, 2031	$289	$1,334	$236,486
Apr, 2031	$291	$1,332	$236,195
May, 2031	$293	$1,331	$235,902
Jun, 2031	$294	$1,329	$235,608
Jul, 2031	$296	$1,327	$235,312
Aug, 2031	$298	$1,326	$235,015
Sep, 2031	$299	$1,324	$234,715
Oct, 2031	$301	$1,322	$234,414
Nov, 2031	$303	$1,321	$234,112
Dec, 2031	$304	$1,319	$233,807
2031	$3,541	$15,936	$233,807
Jan, 2032	$306	$1,317	$233,501
Feb, 2032	$308	$1,315	$233,194
Mar, 2032	$310	$1,314	$232,884
Apr, 2032	$311	$1,312	$232,573
May, 2032	$313	$1,310	$232,260
Jun, 2032	$315	$1,308	$231,945
Jul, 2032	$317	$1,307	$231,629
Aug, 2032	$318	$1,305	$231,310
Sep, 2032	$320	$1,303	$230,990
Oct, 2032	$322	$1,301	$230,668
Nov, 2032	$324	$1,299	$230,344
Dec, 2032	$326	$1,298	$230,019
2032	$3,788	$15,689	$230,019
Jan, 2033	$327	$1,296	$229,692
Feb, 2033	$329	$1,294	$229,362
Mar, 2033	$331	$1,292	$229,031
Apr, 2033	$333	$1,290	$228,698
May, 2033	$335	$1,288	$228,363
Jun, 2033	$337	$1,286	$228,027
Jul, 2033	$339	$1,285	$227,688
Aug, 2033	$341	$1,283	$227,348
Sep, 2033	$342	$1,281	$227,005
Oct, 2033	$344	$1,279	$226,661
Nov, 2033	$346	$1,277	$226,315
Dec, 2033	$348	$1,275	$225,966
2033	$4,053	$15,425	$225,966
Jan, 2034	$350	$1,273	$225,616
Feb, 2034	$352	$1,271	$225,264
Mar, 2034	$354	$1,269	$224,910
Apr, 2034	$356	$1,267	$224,554
May, 2034	$358	$1,265	$224,195
Jun, 2034	$360	$1,263	$223,835
Jul, 2034	$362	$1,261	$223,473
Aug, 2034	$364	$1,259	$223,109
Sep, 2034	$366	$1,257	$222,742
Oct, 2034	$368	$1,255	$222,374
Nov, 2034	$370	$1,253	$222,004
Dec, 2034	$373	$1,251	$221,631
2034	$4,335	$15,143	$221,631
Jan, 2035	$375	$1,249	$221,256
Feb, 2035	$377	$1,246	$220,880
Mar, 2035	$379	$1,244	$220,501
Apr, 2035	$381	$1,242	$220,120
May, 2035	$383	$1,240	$219,737
Jun, 2035	$385	$1,238	$219,351
Jul, 2035	$387	$1,236	$218,964
Aug, 2035	$390	$1,233	$218,574
Sep, 2035	$392	$1,231	$218,182
Oct, 2035	$394	$1,229	$217,788
Nov, 2035	$396	$1,227	$217,392
Dec, 2035	$399	$1,225	$216,993
2035	$4,638	$14,840	$216,993
Jan, 2036	$401	$1,222	$216,593
Feb, 2036	$403	$1,220	$216,190
Mar, 2036	$405	$1,218	$215,784
Apr, 2036	$408	$1,216	$215,377
May, 2036	$410	$1,213	$214,967
Jun, 2036	$412	$1,211	$214,555
Jul, 2036	$414	$1,209	$214,140
Aug, 2036	$417	$1,206	$213,723
Sep, 2036	$419	$1,204	$213,304
Oct, 2036	$422	$1,202	$212,883
Nov, 2036	$424	$1,199	$212,459
Dec, 2036	$426	$1,197	$212,033
2036	$4,961	$14,517	$212,033
Jan, 2037	$429	$1,194	$211,604
Feb, 2037	$431	$1,192	$211,173
Mar, 2037	$434	$1,190	$210,739
Apr, 2037	$436	$1,187	$210,303
May, 2037	$438	$1,185	$209,865
Jun, 2037	$441	$1,182	$209,424
Jul, 2037	$443	$1,180	$208,980
Aug, 2037	$446	$1,177	$208,534
Sep, 2037	$448	$1,175	$208,086
Oct, 2037	$451	$1,172	$207,635
Nov, 2037	$453	$1,170	$207,182
Dec, 2037	$456	$1,167	$206,726
2037	$5,307	$14,171	$206,726
Jan, 2038	$459	$1,165	$206,267
Feb, 2038	$461	$1,162	$205,806
Mar, 2038	$464	$1,159	$205,342
Apr, 2038	$466	$1,157	$204,876
May, 2038	$469	$1,154	$204,407
Jun, 2038	$472	$1,151	$203,935
Jul, 2038	$474	$1,149	$203,461
Aug, 2038	$477	$1,146	$202,984
Sep, 2038	$480	$1,143	$202,504
Oct, 2038	$482	$1,141	$202,022
Nov, 2038	$485	$1,138	$201,536
Dec, 2038	$488	$1,135	$201,049
2038	$5,677	$13,801	$201,049
Jan, 2039	$491	$1,133	$200,558
Feb, 2039	$493	$1,130	$200,065
Mar, 2039	$496	$1,127	$199,569
Apr, 2039	$499	$1,124	$199,070
May, 2039	$502	$1,121	$198,568
Jun, 2039	$505	$1,119	$198,063
Jul, 2039	$507	$1,116	$197,556
Aug, 2039	$510	$1,113	$197,046
Sep, 2039	$513	$1,110	$196,533
Oct, 2039	$516	$1,107	$196,017
Nov, 2039	$519	$1,104	$195,498
Dec, 2039	$522	$1,101	$194,976
2039	$6,073	$13,405	$194,976
Jan, 2040	$525	$1,098	$194,451
Feb, 2040	$528	$1,095	$193,923
Mar, 2040	$531	$1,092	$193,392
Apr, 2040	$534	$1,089	$192,859
May, 2040	$537	$1,086	$192,322
Jun, 2040	$540	$1,083	$191,782
Jul, 2040	$543	$1,080	$191,240
Aug, 2040	$546	$1,077	$190,694
Sep, 2040	$549	$1,074	$190,145
Oct, 2040	$552	$1,071	$189,593
Nov, 2040	$555	$1,068	$189,038
Dec, 2040	$558	$1,065	$188,479
2040	$6,496	$12,982	$188,479
Jan, 2041	$561	$1,062	$187,918
Feb, 2041	$565	$1,059	$187,353
Mar, 2041	$568	$1,055	$186,786
Apr, 2041	$571	$1,052	$186,215
May, 2041	$574	$1,049	$185,641
Jun, 2041	$577	$1,046	$185,063
Jul, 2041	$581	$1,043	$184,483
Aug, 2041	$584	$1,039	$183,899
Sep, 2041	$587	$1,036	$183,312
Oct, 2041	$591	$1,033	$182,721
Nov, 2041	$594	$1,029	$182,127
Dec, 2041	$597	$1,026	$181,530
2041	$6,949	$12,529	$181,530
Jan, 2042	$601	$1,023	$180,929
Feb, 2042	$604	$1,019	$180,326
Mar, 2042	$607	$1,016	$179,718
Apr, 2042	$611	$1,012	$179,107
May, 2042	$614	$1,009	$178,493
Jun, 2042	$618	$1,006	$177,876
Jul, 2042	$621	$1,002	$177,255
Aug, 2042	$625	$999	$176,630
Sep, 2042	$628	$995	$176,002
Oct, 2042	$632	$991	$175,370
Nov, 2042	$635	$988	$174,735
Dec, 2042	$639	$984	$174,096
2042	$7,434	$12,044	$174,096
Jan, 2043	$642	$981	$173,454
Feb, 2043	$646	$977	$172,808
Mar, 2043	$650	$973	$172,158
Apr, 2043	$653	$970	$171,505
May, 2043	$657	$966	$170,848
Jun, 2043	$661	$962	$170,187
Jul, 2043	$664	$959	$169,522
Aug, 2043	$668	$955	$168,854
Sep, 2043	$672	$951	$168,182
Oct, 2043	$676	$947	$167,507
Nov, 2043	$680	$944	$166,827
Dec, 2043	$683	$940	$166,144
2043	$7,952	$11,525	$166,144
Jan, 2044	$687	$936	$165,456
Feb, 2044	$691	$932	$164,765
Mar, 2044	$695	$928	$164,070
Apr, 2044	$699	$924	$163,371
May, 2044	$703	$920	$162,669
Jun, 2044	$707	$916	$161,962
Jul, 2044	$711	$912	$161,251
Aug, 2044	$715	$908	$160,536
Sep, 2044	$719	$904	$159,817
Oct, 2044	$723	$900	$159,095
Nov, 2044	$727	$896	$158,368
Dec, 2044	$731	$892	$157,637
2044	$8,507	$10,971	$157,637
Jan, 2045	$735	$888	$156,902
Feb, 2045	$739	$884	$156,162
Mar, 2045	$743	$880	$155,419
Apr, 2045	$748	$876	$154,671
May, 2045	$752	$871	$153,919
Jun, 2045	$756	$867	$153,163
Jul, 2045	$760	$863	$152,403
Aug, 2045	$765	$859	$151,638
Sep, 2045	$769	$854	$150,869
Oct, 2045	$773	$850	$150,096
Nov, 2045	$778	$846	$149,319
Dec, 2045	$782	$841	$148,537
2045	$9,100	$10,378	$148,537
Jan, 2046	$786	$837	$147,750
Feb, 2046	$791	$832	$146,959
Mar, 2046	$795	$828	$146,164
Apr, 2046	$800	$823	$145,364
May, 2046	$804	$819	$144,560
Jun, 2046	$809	$814	$143,751
Jul, 2046	$813	$810	$142,938
Aug, 2046	$818	$805	$142,120
Sep, 2046	$823	$801	$141,297
Oct, 2046	$827	$796	$140,470
Nov, 2046	$832	$791	$139,638
Dec, 2046	$837	$787	$138,802
2046	$9,735	$9,743	$138,802
Jan, 2047	$841	$782	$137,961
Feb, 2047	$846	$777	$137,115
Mar, 2047	$851	$772	$136,264
Apr, 2047	$856	$768	$135,408
May, 2047	$860	$763	$134,548
Jun, 2047	$865	$758	$133,683
Jul, 2047	$870	$753	$132,813
Aug, 2047	$875	$748	$131,938
Sep, 2047	$880	$743	$131,058
Oct, 2047	$885	$738	$130,173
Nov, 2047	$890	$733	$129,283
Dec, 2047	$895	$728	$128,388
2047	$10,414	$9,064	$128,388
Jan, 2048	$900	$723	$127,488
Feb, 2048	$905	$718	$126,583
Mar, 2048	$910	$713	$125,673
Apr, 2048	$915	$708	$124,758
May, 2048	$920	$703	$123,838
Jun, 2048	$926	$698	$122,912
Jul, 2048	$931	$692	$121,981
Aug, 2048	$936	$687	$121,045
Sep, 2048	$941	$682	$120,104
Oct, 2048	$947	$677	$119,158
Nov, 2048	$952	$671	$118,206
Dec, 2048	$957	$666	$117,248
2048	$11,140	$8,338	$117,248
Jan, 2049	$963	$660	$116,286
Feb, 2049	$968	$655	$115,318
Mar, 2049	$974	$650	$114,344
Apr, 2049	$979	$644	$113,365
May, 2049	$985	$639	$112,381
Jun, 2049	$990	$633	$111,390
Jul, 2049	$996	$627	$110,395
Aug, 2049	$1,001	$622	$109,394
Sep, 2049	$1,007	$616	$108,387
Oct, 2049	$1,013	$611	$107,374
Nov, 2049	$1,018	$605	$106,356
Dec, 2049	$1,024	$599	$105,332
2049	$11,917	$7,561	$105,332
Jan, 2050	$1,030	$593	$104,302
Feb, 2050	$1,036	$588	$103,266
Mar, 2050	$1,041	$582	$102,225
Apr, 2050	$1,047	$576	$101,178
May, 2050	$1,053	$570	$100,124
Jun, 2050	$1,059	$564	$99,065
Jul, 2050	$1,065	$558	$98,000
Aug, 2050	$1,071	$552	$96,929
Sep, 2050	$1,077	$546	$95,852
Oct, 2050	$1,083	$540	$94,769
Nov, 2050	$1,089	$534	$93,680
Dec, 2050	$1,095	$528	$92,584
2050	$12,748	$6,730	$92,584
Jan, 2051	$1,102	$522	$91,482
Feb, 2051	$1,108	$515	$90,375
Mar, 2051	$1,114	$509	$89,261
Apr, 2051	$1,120	$503	$88,140
May, 2051	$1,127	$497	$87,014
Jun, 2051	$1,133	$490	$85,881
Jul, 2051	$1,139	$484	$84,741
Aug, 2051	$1,146	$477	$83,596
Sep, 2051	$1,152	$471	$82,443
Oct, 2051	$1,159	$464	$81,285
Nov, 2051	$1,165	$458	$80,119
Dec, 2051	$1,172	$451	$78,948
2051	$13,637	$5,841	$78,948
Jan, 2052	$1,178	$445	$77,769
Feb, 2052	$1,185	$438	$76,584
Mar, 2052	$1,192	$431	$75,392
Apr, 2052	$1,198	$425	$74,194
May, 2052	$1,205	$418	$72,989
Jun, 2052	$1,212	$411	$71,777
Jul, 2052	$1,219	$404	$70,558
Aug, 2052	$1,226	$397	$69,332
Sep, 2052	$1,233	$391	$68,100
Oct, 2052	$1,240	$384	$66,860
Nov, 2052	$1,247	$377	$65,614
Dec, 2052	$1,254	$370	$64,360
2052	$14,588	$4,890	$64,360
Jan, 2053	$1,261	$363	$63,099
Feb, 2053	$1,268	$355	$61,832
Mar, 2053	$1,275	$348	$60,557
Apr, 2053	$1,282	$341	$59,275
May, 2053	$1,289	$334	$57,986
Jun, 2053	$1,297	$327	$56,689
Jul, 2053	$1,304	$319	$55,385
Aug, 2053	$1,311	$312	$54,074
Sep, 2053	$1,319	$305	$52,756
Oct, 2053	$1,326	$297	$51,430
Nov, 2053	$1,333	$290	$50,096
Dec, 2053	$1,341	$282	$48,755
2053	$15,605	$3,873	$48,755
Jan, 2054	$1,349	$275	$47,407
Feb, 2054	$1,356	$267	$46,051
Mar, 2054	$1,364	$259	$44,687
Apr, 2054	$1,371	$252	$43,315
May, 2054	$1,379	$244	$41,936
Jun, 2054	$1,387	$236	$40,549
Jul, 2054	$1,395	$228	$39,155
Aug, 2054	$1,403	$221	$37,752
Sep, 2054	$1,410	$213	$36,342
Oct, 2054	$1,418	$205	$34,923
Nov, 2054	$1,426	$197	$33,497
Dec, 2054	$1,434	$189	$32,062
2054	$16,693	$2,785	$32,062
Jan, 2055	$1,443	$181	$30,620
Feb, 2055	$1,451	$172	$29,169
Mar, 2055	$1,459	$164	$27,710
Apr, 2055	$1,467	$156	$26,243
May, 2055	$1,475	$148	$24,768
Jun, 2055	$1,484	$140	$23,284
Jul, 2055	$1,492	$131	$21,792
Aug, 2055	$1,500	$123	$20,292
Sep, 2055	$1,509	$114	$18,783
Oct, 2055	$1,517	$106	$17,266
Nov, 2055	$1,526	$97	$15,740
Dec, 2055	$1,534	$89	$14,205
2055	$17,857	$1,621	$14,205
Jan, 2056	$1,543	$80	$12,662
Feb, 2056	$1,552	$71	$11,110
Mar, 2056	$1,561	$63	$9,550
Apr, 2056	$1,569	$54	$7,980
May, 2056	$1,578	$45	$6,402
Jun, 2056	$1,587	$36	$4,815
Jul, 2056	$1,596	$27	$3,219
Aug, 2056	$1,605	$18	$1,614
Sep, 2056	$1,614	$9	$0
2056	$14,205	$403	$0
Totals	$250,000	$334,337

$250,000 mortgage FAQ

What is the monthly payment on a $250,000 mortgage?: At the current 30-year fixed average of 6.76 percent, a $250,000 mortgage costs about $1,623 a month in principal and interest. Over a 15-year term at 6.09 percent the payment rises to roughly $2,122. Property taxes, homeowner insurance and any PMI or HOA dues are added on top of these figures.
How much interest will I pay on a $250,000 mortgage?: A 30-year $250,000 mortgage at 6.76 percent costs about $334,337 in total interest — more than the amount borrowed. Choosing a 15-year term at 6.09 percent cuts that to roughly $131,927, a saving of about $202,410, in exchange for a higher monthly payment.
What income do I need for a $250,000 mortgage?: Lenders commonly want your total housing payment to stay under 28 percent of gross monthly income. On that rule the $1,623 payment for a $250,000 mortgage implies an income of roughly $69,564 a year before tax — and more once you add property taxes and insurance, which the 28 percent test also counts.
What house price does a $250,000 mortgage buy?: It depends on your down payment. Borrowing $250,000 with 20 percent down corresponds to a purchase price of about $312,500, while 10 percent down puts the price near $277,778. A down payment below 20 percent on a conventional loan also adds PMI until you reach 20 percent equity.
How much does the interest rate change a $250,000 payment?: A great deal. On a 30-year term each quarter-point of rate moves the payment on a $250,000 mortgage by roughly $42 a month. The table on this page prices the loan from 5.00 percent to 8.00 percent so you can see the full range before you lock a rate.